The Hague Tribunal gives its decision in claims against Venezuela; it sets the sum to be paid by Venezuela and gives preferential treatment to the three powers that initiated the block - Britain, Germany, and Italy

The House-Grey Memorandum, drafted by US and Britain, states: 'Should the Allies accept [the American idea of a conference to end the war] and should Germany refuse it, the United States would "probably" enter the war against Germany'

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